Zhong Wang FabricLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhong Wang FabricLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥2.5M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥1.5B and CN¥115.9M respectively. Zhong Wang FabricLtd's EBIT is CN¥69.5M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥599.6M.
Key information
0.2%
Debt to equity ratio
CN¥2.47m
Debt
| Interest coverage ratio | -3.3x |
| Cash | CN¥599.64m |
| Equity | CN¥1.42b |
| Total liabilities | CN¥115.91m |
| Total assets | CN¥1.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605003's short term assets (CN¥765.8M) exceed its short term liabilities (CN¥90.9M).
Long Term Liabilities: 605003's short term assets (CN¥765.8M) exceed its long term liabilities (CN¥25.0M).
Debt to Equity History and Analysis
Debt Level: 605003 has more cash than its total debt.
Reducing Debt: 605003's debt to equity ratio has reduced from 0.8% to 0.2% over the past 5 years.
Debt Coverage: 605003's debt is well covered by operating cash flow (2479.9%).
Interest Coverage: 605003 earns more interest than it pays, so coverage of interest payments is not a concern.